AGCZ (Andes Gold) Days Payable: 0.00 (As of Dec. 2003)


What is Andes Gold Days Payable?

Andes Gold AGCZ Days Payable is 0.00 as of Dec. 2003.

Andes Gold's average Accounts Payable for the three months ended in Dec. 2003 was $1.15 Mil. Andes Gold's Cost of Goods Sold for the three months ended in Dec. 2003 was $-1.94 Mil.

The historical rank and industry rank for Andes Gold's Days Payable or its related term are showing as below:

AGCZ's Days Payable is not ranked *
in the Metals & Mining industry.
Industry Median: 127.62
* Ranked among companies with meaningful Days Payable only.

Andes Gold's Days Payable declined from Dec. 2002 (116.99) to Dec. 2003 (0.00). It may suggest that Andes Gold accelerated paying its suppliers.

Andes Gold Days Payable Historical Data

* Premium members only.

The historical data trend for Andes Gold's Days Payable can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Andes Gold Days Payable Chart

Andes Gold Annual Data
Trend Dec94 Dec95 Dec96 Dec97 Dec98 Dec99 Dec00 Dec01 Dec02 Dec03
Days Payable
Get a 7-Day Free Trial Premium Member Only Premium Member Only 22.99 42.86 45.26 97.64 225.70

Andes Gold Quarterly Data
Jun98 Sep98 Dec98 Dec99 Mar00 Jun00 Sep00 Dec00 Mar01 Jun01 Sep01 Dec01 Mar02 Jun02 Sep02 Dec02 Mar03 Jun03 Sep03 Dec03
Days Payable Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 116.99 118.79 109.76 114.23 0.00

Andes Gold Days Payable Competitor Comparison

For the Gold subindustry, Andes Gold's Days Payable, along with its competitors' market caps and Days Payable data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Andes Gold Days Payable vs Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Andes Gold's Days Payable distribution charts can be found below:

* The bar in red indicates where Andes Gold's Days Payable falls into.


Andes Gold Days Payable Calculation

Days Payable indicates the number of days that the account payable relative to cost of goods sold the company has. An increase of Days Payable may suggest that the company delays paying its suppliers.

Andes Gold's Days Payable for the fiscal year that ended in Dec. 2003 is calculated as

Days Payable (A: Dec. 2003 )
=Average Accounts Payable /Cost of Goods Sold*Days in Period
=( (Accounts Payable (A: Dec. 2002 ) + Accounts Payable (A: Dec. 2003 )) / count ) / Cost of Goods Sold (A: Dec. 2003 )*Days in Period
=( (1.188 + 0.51) / 2 ) / 1.373*365
=0.849 / 1.373*365
=225.70

Andes Gold's Days Payable for the quarter that ended in Dec. 2003 is calculated as:

Days Payable (Q: Dec. 2003 )
=Average Accounts Payable / Cost of Goods Sold*Days in Period
=( (Accounts Payable (Q: Sep. 2003 ) + Accounts Payable (Q: Dec. 2003 )) / count ) / Cost of Goods Sold (Q: Dec. 2003 )*Days in Period
=( (1.791 + 0.51) / 2 ) / -1.935*365 / 4
=1.1505 / -1.935*365 / 4
=N/A

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Days Payable →
What does a Days Payable of 0.00 mean?
Andes Gold (AGCZ) has a Days Payable of 0.00 as of Dec. 2003. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Andes Gold and its competitors.
Is Andes Gold's Days Payable too high?
Andes Gold's current Days Payable is 0.00.
How does Andes Gold's Days Payable compare to competitors?
Andes Gold's Days Payable of 0.00 can be compared against companies in the Metals & Mining industry. The industry median Days Payable is 127.62. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Days Payable for a Metals & Mining company?
The median Days Payable among Metals & Mining companies is 127.62, based on 1,064 companies in the industry. Companies in the top quartile (top 25%) have a Days Payable significantly above this median, while those in the bottom quartile fall well below. However, Days Payable should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Days Payable mean?
A high Days Payable can signal that a stock is expensive relative to its fundamentals. Days payable represents the average amount of days a company waits to pay its invoices from suppliers. View historical data on Andes Gold and its competitors. For the Metals & Mining industry, the median Days Payable is 127.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Andes Gold's current Days Payable is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Andes Gold stock overvalued right now?
Andes Gold (AGCZ) has a current Days Payable of 0.00. The current Days Payable is 0.00. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Days Payable calculated?
Days Payable is calculated from a company's financial statements. For Andes Gold (AGCZ), the current Days Payable is 0.00 as of Dec. 2003. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Andes Gold Business Description

Address 1200 N. Federal Highway, Suite 200, Boca Raton, FL, USA, 33432
Andes Gold Corp is the operator of leased properties which it mines for mineral resources, specifically, gold. The company develops and produces gold assets in Ecuador and South America.